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Mayor Bowser Makes Washington, DC the First City in the U.S. with a Green Bank

Urban Marketing Group Staff

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On Tuesdsay, Mayor Bowser signed the District of Columbia Green Finance Authority Establishment Act of 2018, officially making Washington, DC the first city in the United States to establish a green bank, an innovative policy tool that seeks to expand renewable energy, lower energy costs, reduce greenhouse gas emissions, and create green jobs.

Green Banks are capitalized with public funds which are then used to offer loans, leases, credit enhancements, and other financing services to close funding gaps for clean energy projects. By creating a Green Bank, DC will be able to accelerate the deployment of clean energy technology by removing upfront costs, leveraging private investment, and increasing the efficiency of public dollars.

Learn more HERE.

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Black-Owned Cosmetics Line, Pat McGrath Labs, Valued at $1 Billion

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Sean “Diddy” Combs Slams Lack Of Investment In Black Entertainment In ‘Variety’

Urban Marketing Group Staff

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Sean “Diddy” Combs has emerged as one of entertainment’s top moguls with involvement in a number of industries and entities that span music, fashion, liquor, and television. In a cover story for the latest issue of Variety, Combs slams the entertainment industry’s lack of investment in Black creative endeavors, calling Marvel’s Black Panther a “cruel experiment” to illustrate his point.

Speaking with the mogul from his Beverly Hills home, the featured story revealed that Combs had plenty on his mind about how Black entertainment suffers from a lack of investment from funders and the industry at large. It goes in hand with Combs’ past desires of wanting a piece of an NFL team and appears to be a growing focus of passion for him to see the playing field evened out in the film, music, and fashion industries as it relates to Black originators.

Read more HERE

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Papa John’s founder uses N-word

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